** Prep for Morning Session**
MARKET CONDITIONSWorld Markets News: European markets are higher today. Asian markets finished mixed as of their recent closing prices. Here in US yesterday was the start of first-quarter corporate results. Next couple week try to focus more on stock that have earnings.
Economic Calendar
SPY - Yesterday into the close buyers were able to hold the prices above the POC (point of control). We are still in range. Prices are far away from the smaller trend line, so before it breaks up, some consolidation around 156.75 / 157.20 would be expected (reason for the Neutral). If breaks above and hold we become very bullish, as the range is breaking, going into trend mode. For the bears, a break of the trend line and prices returning to the POC (155.50) is a sign. Confirmation below yesterday´s low.
Bias: Neutral Bullish
Accuracy: 90% so far market is respecting the trend line and 156.00
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Updated at 08:15 am
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Read this before using the information provided in this page:
- Educational purpose material only. Use this information at your own risk
- Stocks may be added to the selection sheet at any time. They are used as a guide to select which stocks I will trade and set alerts . It does not mean that I follow all of them, that would be crazy.
- The Accuracy information is for my own use only. It is reviewed after I am done trading. This is just a way for me to measure how is my reading of the market and my confidence in it. I suggest you develop your own way to do this.
- The morning sheet will be updated between 8:00 and 9:00
- The afternoon sheet will be updated between 13:00 and 14:00
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